Maryland Code, REAL PROPERTY 7-318.1
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Terms Used In Maryland Code, REAL PROPERTY 7-318.1
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
It is a violation of this subtitle if a foreclosure consultant:
(1) Fails to obtain a real estate broker’s license as required under § 7-308 of this subtitle; or
(2) Violates any provision of Title 17 of the Business Occupations and Professions Article.